An ecstatic Carter celebrates the fact that he has finally discovered the tomb of Tutankhamun, which, under the terms of the concession, will restore Carnarvon's wealth after almost bankrupting himself by financing the dig. However a change in the rules of ownership of the treasure deprives Carnarvon of any profits and so, to recoup finances, Carter strikes an exclusive deal with Times reporter Merton. Unfortunately this results in adverse reporting from other newspapers to the detriment of both of the archaeologists whilst Carter's affair with Evelyn also threatens the two men's friendship.
